Question 2 of 5 > - 125 View Policies Current Attempt in Progress Kingbird, Inc, closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year end. On June 30, the Notes Receivable account balance is $26,600 Notes Receivable include the following Date April 21 May 25 June 30 Maker Coote Inc Bradfco. BMG Corp Face Value $5,600 9.000 12.000 Term 90 days 60 days 6 months Maturity Date July 20 July 24 December 31 Interest Rate 8% 10% 8% During July the following transactions were completed. Julys Made sales of $4.850 onkingbird, Inc. credit cards. 14 Made sales of $800 on Visa credit cards. The credit card service charge is 3% 20 Received payment in full from Coote inc on the amount due 24 Received payment in full from Brady Co. on the amount due Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. Interest is computed using 360 daysomit cost of goods sold entries) (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit July Accounts Receivable 4850 Search Ort URL 8 you E R T c Question 2 of 5 -/25 E Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable, interest is computed using 360 daysomit cost of goods sold entries.) Credit account titles are automatically indented when amount is entered Do not intent manually. Record journal entries in the order presented in the problem Date Debit Account Titles and Explanation Accounts Receivable Credit 4850 Sales Revenue 185 July 14 Cash 776 Service Charge Expense 24 Sales Revenge BO July 20 Cash 5712 Notes Receivable 560 Interest Revenue 11 July 24 Cash 0150 Notes Receivable 900 Interest Revue 19 31 Interest Receivable no interest Revue ZOZ 3 5 7 8 W E T -/25 Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts (Post entries in the order of journal entries posted in the previous part) Notes Receivable Accounts Receivable Interest Receivable Show the balance sheet presentation of the receivable accounts at July 31. G Search or type URL 3 5 6 7 8 E R T Show the balance sheet presentation of the receivable accounts at July 31. Kingbird, Inc. Balance Sheet (Partial) July 31, 2017 Current Assets Notes Receivable $ 12000 Accounts Receivable 4800 Interest Receivable 80 Total Receivables $ 16930 Save for Later Last saved 1 day ago Saved work will be auto-submitted on the due date Attempts:0 of 1 used Submit Antwer G Search OC Y De URL 3 4 5 6 7 a E R. T